Fiscal Discipline Is Dead----How The Congressional GOP Killed The Budget Process

The budget act is no longer forcing Congress to adopt real budgets. The two it passed last year were pro forma resolutions the House and Senate GOP majorities never had any intention of taking seriously. Their only purpose was to allow the budget process's reconciliation procedures to be used so that two major policy changes that would make the budget outlook worse -- repealing the Affordable Care Act and cutting taxes -- could be debated by the Senate without the possibility of a filibuster.

 

https://www.forbes.com/sites/stancollender/2018/04/24/the-federal-budget-process-is-dead-and-desperately-needs-to-be-buried/#57def12d2255

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.